Trump’s Truth Social merger with SPAC wins 1-year reprieve with shareholders vote

📆 06/09/2023 04.56.00
📰 MarketWatch

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The long-running negotiations to merge Trump’s media company with a blank check firm faced collapse on Friday if the deadline wasn’t extended.

The long-stalled talks to merge former president Donald Trump’s Truth Social with a blank check firm, was granted a reprieve on Tuesday after shareholders of the special acquisition company voted to extend a negotiation deadline for another year.

DWAC had been furiously lobbying shareholders to roll back the clock on the deadline. On Tuesday morning, shareholders voted to approve the extension for another 12 months, the Wall Street Journal reported. In July, DWAC agreed to settle fraud charges with the Securities and Exchange Commission alleging it misled investors in the deal.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Truth Social investment partner extends deadline, avoiding liquidationThe extension was granted three days before Digital World would have been required to dissolve itself and return money to investors.
Sumber: washingtonpost - 🏆 95. / 72 Baca lebih lajut »